DALLAS, TEXAS : StockGuru announces that Mercer Gold Corp. (OTCBB: MRGP) is in the StockGuru Spotlight. Mercer Gold Corporation is a focused exploration company with one major asset: the Guayabales Gold Project located in the Marmato Gold District, in Caldas, Colombia. The Company’s priority mining target is bulk-tonnage, gold-silver deposits that are amenable to open pit mining as well as higher grade gold-silver mineralization that can be drawn out with selective underground mining techniques. Historically Colombia has been one of the largest gold producers in the world and the Colombian mining industry remains one of the most dynamic and promising sectors of the Colombian economy.
On Monday, the company put out news announcing that the company has entered into a binding Letter Of Intent (the “LOI”) to acquire a 100% interest in VCS Mining, Inc., a private Delaware corporation and its subsidiaries (“VCS”) to acquire 9 separate gold, copper, silver, rare earth, nickel and platinum properties in Haiti. VCS is currently focused on the Morne Bossa (“MB”) property, which the Company believes may contain a significant resource with average grades between 2 and 3 grams per tonne gold. This is based on past drilling that intersected near-surface, oxide gold mineralization. Drill hole MB-14 intersected 76 meters averaging 3.68 grams/tonne, drill hole MB-18 intersected 9 meters averaging 9.23 grams/tonne, and drill hole MB-19 intersected 61 meters averaging 6.24 grams/tonne.
Shares for Mercer Gold Corp. were steady during the late afternoon of trading on Monday and closed with no change at closing.
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